Would've been nice to end the year with higher production but I suppose that's the reason MOY is trying to shift towards consistent, reliable production. The exploration programme and shift towards larger, more reliable sources of ore underlines how the company will become a much better producer.
MOY is sitting on a cash pile and has been spending large on exploration. The rewards of the exploration, feasibility and now development are going to come thick and fast this year.
I haven't updated my total in-ground JORC resource and Ore Reserves yet but will do this later - suffice to say the picture is made considerably more exciting by the upswing in AUD gold prices and the slow awakening of the market to the fact that Aussie gold producers are oversold. It will be nice to see them become overbought along with MOY
MOY Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
